Loan Options
Whether it’s your first home or your retirement oasis, CSMC Mortgage is a solution-focused lender. We have a wide range of loan options to meet your unique needs. Our loan officers are here to help educate you on the different loan products so you can decide which loan product best fits your needs.
Conventional loans are loans that are not backed by a government agency and are subject to the county loan limits in your area.
Jumbo loans are loans that are over the county loan limits that are typically close to or over the million-dollar range. These loans are best suited for high dollar purchases and will require at least a 5-10% down payment.
With a reverse mortgage, homeowners 62+ can get cash from their property’s equity while still owning and living in the home. We work directly with NRMLA approved lenders, ready to help you keep the home you worked hard to own.
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA. Popular with first-time homebuyers, FHA home loans require lower minimum credit scores and down payments than many conventional loans. They offer as low as 3.5% down payment, which can be 100% gifted from a family member.
Non-Qualified Mortgage or Non-QM Loans offer many different options to qualify such as Bank Statement loan, Profit and Loss/CPA verified earnings loans, Debt Service or Investor loans, Cross Collateralization, EIN or a Foreign National loan.
Veterans Affairs (VA) Home Loans are provided by lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms, such as low or no down payment. You’ve Served Us. Now Let Us Serve You.